Last week marked the 200th anniversary of the end of the transatlantic slave trade. Two centuries later, it is clear that one of history’s most towering evils, the enslavement of human beings, came to an end only when citizens challenged their governments to understand slavery as incompatible with basic laws of God and humanity.
Around the world today, citizen campaigners are leading their governments to understand that deadly poverty and crippling debt, slaveries of our own age, similarly are incompatible with the basic laws of human dignity.
Despite the international community’s new commitments to poverty eradication over the past seven years, particularly the adoption of the Millennium Development Goals , the basic inequities that fuel deadly poverty in our world are as pronounced as ever. Every day, 13 percent of the world’s population goes to bed hungry and nearly 15,000 people die of AIDS, malaria and tuberculosis.
The vision of the Jubilee that we find in scripture challenges us to address these realities as part our nation’s commitment to building a more prosperous, stable world for all people.
In the Hebrew Scriptures we find a vision of life in community that is liberating and just, governed by Sabbath cycles: the Sabbath Day, the Sabbath Year and the Jubilee Year. These cycles are a powerful reminder of God’s intent that all creatures enjoy fullness of life and partake in the abundance of God’s world. Sabbath Year observance requires that every seven years debts are canceled and those enslaved because of debts are freed, restoring equal relations among community members and preventing a situation of ongoing exploitation.
2007 is the Sabbath year, seven years after the historic Jubilee 2000 campaign for debt relief. The Sabbath year is an opportunity to reflect on the achievements of the Jubilee campaign, and to address the unfinished agenda on international debt and global poverty. 2007 is also the halfway mark to the deadline to achieve the Millennium Development Goals, but we are far from halfway to achieving them.
We should celebrate progress: Thanks to debt relief commitments in 1999 and 2005, now more than 20 countries have seen 100% debt cancellation from the IMF, World Bank and African Development Bank. Resources freed up from debt relief are reaching those who need it in the form of greater access to health care, education and clean water.
But the abolitionists who challenged the inhumanity of the slave trade didn’t want to merely abolish slavery for some; they abolished slavery for all. The Sabbath year is a time to act on the unfinished agenda for international debt, to abolish debt slavery once and for all:
- Too many countries—including Liberia, Haiti and the Democratic Republic of Congo—are caught up in the harmful economic strings of the international financial institutions’ debt relief program and face deadly delays to receiving desperately needed full cancellation.
- Many other low-income countries—such as Lesotho, Kenya, Nigeria and Sri Lanka—have been excluded from debt relief by the IMF/World Bank. Chancellor of the Exchequer of the United Kingdom Gordon Brown has suggested that 67 low-income countries should be eligible to receive full debt cancellation to reach the Millennium Development Goals, assuming they meet good governance and other criteria.
- Nations including Indonesia, South Africa and the Philippines clearly have unjust and odious debts which require further analysis and study.
Our faith and our convictions call us to support bold and prophetic measures which address this unfinished agenda to end the crisis of debt and deadly poverty. On March 25, 1807—almost exactly 200 years ago—the British Parliament voted to abolish the transatlantic slave trade. This year the Bush administration and the U.S. Congress have an opportunity to take a step towards the abolition of deadly poverty and crushing debt.
Reverend Dr. Bob Edgar is the General Secretary of the National Council of Churches.








Anybody waiting for the neocons to show any compassion for the poor, the homeless, Those without health care or educational opportunities, or anybody else who is not a member of their exclusive club of ‘the haves’ should make friends with old age.
We hear alot about the debt side of the equation and little if anything about where and how these debts arise-the creditor side of the equation.How many people know what “fractional reserve banking” is? Find out…
Watch the DVD- Money As Debt on google video…
Fractional Reserve Banking, was stealthily implemented during the Congresssional Christmas recess, in 1913, is the biggest financial fraud ever perpetrated on the public. They can print as much as they want, but try printing your own fiat currency and see what happens. Debt slavery keeps the masses busy paying for their baubles and trinkets, leaving no time to think, ponder or question how they got that way.
“Our faith and our convictions call us to support bold and prophetic measures which address this unfinished agenda to end the crisis of debt and deadly poverty.”
Too much of our county’s treasonous history would have to be exposed to address this “unfinished agenda” which would end debt and poverty. It’s not going to happen any time soon. Very few of our leaders have the courage to discuss this topic of “debt slavery” let alone do anything about it.
I would love to see Dennis Kucinich as President and Ron Paul as Vice President in 2008. Both of these men, a Democrat and a Republican, have the courage it takes to confront these issues and take the steps needed to correct the wrongs that have been perpetrated upon our debt-ridden country and citizens.
zeitgeist’s post above, hit the nail on the head.
More directly to the point is there is no escaping debt slavery with a debt based monetary system such as ours-that is a system where the currency supply is issued or created as debts to banks.Loans made not just to individuals but to governments also.Our government borrows money- made legal by the government itself and taxes the citizenry immense sums to pay off this constantly growing debt.This is truly a ridiculous, absurd and destructive game that very few people know about.The federal reserve should rightfully be called the kings banking system because it makes inevitable the stealth rule of supremely wealthy individuals.
The DVD mentioned above-Money as Debt( on google video) as well as the Money Masters video are both good tools to help people to begin to educate themselves on this most fundamental issue.
more info on fractional reserve banking, a scientific/mathematical/economics paper.
endorsed by two phd economists. printed in nexus
magazine, 60k world circulation. #1 top downloaded
economics paper for 2mos in 2004. used by economics
teacher in australia as standard classroom material.
top online/downloaded economics paper among academic experts.
more info on request.
“fractional reserve banking as economic parasitism”
http://econpapers.repec.org/paper/wpawuwpma/0203005.htm
recent supporting material: “confessions of an economic hit man”
http://www.democracynow.org/article.pl?sid=04/11/09/1526251